Category: Cryptocurrencies

Even though, the blockchain is an undeniably innovative idea and invention, some people rather to work and to have their cryptocurrencies without it. If you happen to be one of those people, fear no more, here we bring 2 non-blockchain cryptocurrencies you need to know:

DagCoin

This cryptocurrency became the first at being non-blockchain in 2012. It was first created by Sergio Lerner, who became the first to ever suggest changing the use of blockchain in exchange for SAG.

Ant

This specific type of server offers many advantages. Here are some of the most important ones:

Double-spends in the current DAG-chain are Accepted

The basics of cryptocurrencies turn out to be that when two transactions are conflictive, one will always overcome the other, when this happens, the dominance depends on how big the transaction is, which basically means the number of other transactions that refer to said transaction.

It also prevents transactions to mix with other transactions, which can be of a lot of help. When working with this system you want to avoid at all cost, transactions from mixing with one another.

Preventing Unbounded Cascade Updates to Confirmation Scores

This basically means the updates are banned on the computer system through checkpoints, which are considered the transaction that has direct or indirect references.

IOTA

This up-to-date cryptocurrency, it is mostly based on Tangle, which turns out to be based on SAG. That basically makes it have a lot of similarities with DagCoin, and some people will even consider it to be better.

IOTA says that they have basically solved with Tangle, many of the issues that Blockchain presented. Such like:

Centralization of control: which is a very known issue, that is basically about when a few miners that the full control of the operation.

Not being able to make micropayments: this is a normal problem of the cryptocurrencies that basically come from the charges of the transactions, that at the end supplements the overall value of the small payments

With all of this information being known, you can go on and decide which of the previously mentioned non-blockchain cryptocurrencies are better for you.